Criteo (NASDAQ: CRTO) today revealed its Travel Flash Report that highlights the increased use of mobile devices in consumer travel planning and purchasing worldwide.
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it sold its 446-room Holiday Inn-Toronto Airport and 221-room Embassy Suites Hotel-Indianapolis North for aggregate gross proceeds of $29 million in separate transactions. FelCor is using asset sale proceeds to repay outstanding debt.
Only one-third of consumers feel their frequent traveler accounts are secure enough
As one way to limit opportunistic behavior by hotel managers, many hotel brands have adopted a policy of owning a particular hotel. But a study published by the Cornell Center for Hospitality Research finds that, contrary to the conventional wisdom, the level of managers' opportunism goes down when a third-party owner is involved, rather than when the brand owns the property.
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